Finish line in sight, fourth new cabinet in under three years

(By Christopher Livesay)
(ANSA) - Rome, February 25 - Premier Matteo Renzi was set to
win his second and final confidence vote on Tuesday, marking the
finish line in forming a new government, Italy's fourth in just
over two years.
In a speech before the Lower House voted on his executive,
the 39-year-old's tone was one of urgency to implement a series
of long-touted reforms to jumpstart the country's sclerotic
economy.
Citing a European Commission report earlier Tuesday that
showed joblessness in the eurozone's third-largest economy was
likely to be worse than predicted, Renzi told the House there
was an "unemployment emergency" in Italy.
The EC has revised its unemployment forecast for Italy to
12.6% in 2014 and 12.4% in 2015, faulting bad labor-market
conditions and weak consumer demand.

In November the EC was more optimistic, forecasting
joblessness over the next two years at 12.4% and 12.1%,
respectively.
"It's not just a number," said Renzi, the former mayor of
Florence and now youngest premier in Italian history.
"We must respond with the courage to revolutionize the
country's economic and regulatory systems".

In addition, Renzi promised to make "double-digit" income
and labour tax cuts worth billions of euros, cuts that would be
made in actual euros and not in percentages.

It was one of several allusions to pledges he made a day
earlier before the Senate, outlining sweeping economic reforms
such as repaying all government debt to firms and setting up
guarantee funds to make credit accessible to small and
medium-sized businesses reeling from a slow recovery after
Italy's worst recession since World War II.
He has also vowed swift election-law reforms aimed at
preventing the type of government deadlock seen following
general elections this time last year, when no party won a clear
majority, producing the unstable left-right coalition government
of Renzi's predecessor, Enrico Letta.
The reform bill, negotiated with ex-premier Silvio
Berlusconi earlier this year, marked a crucial turning point in
the center-left Democratic Party (PD) chief's ascent to premier.

Leading up to his swearing-in Saturday, pundits and
politicians alike remarked that the accord with the center right
signaled Renzi's prowess at reaching across the aisle and moving
deals through Italy's complicated political machinery faster
than his party colleague Letta, ousted as premier in a PD coup
two weeks ago for perceived ineffectiveness.
Among his first orders of business Wednesday is to visit a
school in the northern Italian city of Treviso as part of an
education drive that is central to his government agenda.
He has vowed to visit a school every Wednesday, heading to
the south next week, because education is "the engine of growth.

It's essential the government is not only in Rome," he said
before his first confidence test in the House on Monday.
In one of the bolder moments of his speech, Renzi took a
jab at controversial austerity policies promoted by the European
Union over the past several years, saying his government did not
want a Europe that tells Italy what to do.
Instead, it wants a Europe to which Italy "gives a
fundamental contribution, because without Italy there is no
Europe".
After the speech, ex-premier Letta was seen applauding, and
even former Democratic Party (PD) chairman Pier Luigi Bersani -
Renzi's perceived political foe - told Italy's Lower House the
new premier needed its support, despite his government's
shortcomings.
"Humility may not be among its greatest virtues, but this
government has issued a very serious challenge and is one that
will need our help," Bersani said.
"This help must be extended, once its objectives, which
still need a little definition, are made clear".